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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.56-1.5%4:00 PM EST
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To: Lee Lichterman III who wrote (9328)3/28/1999 8:57:00 AM
From: Ramsey Su  Read Replies (1) of 99985
 
Message 8557947

Lee,

if this PW report is even remotely close to reality for the remainder of 1999, the tech sector is going to have a tough time rebounding. Aside from the fact that PC is one of the mainstays of techs, what holds true in this survey should apply to other purchases, such as networks. We already know, via ORCL and CA, that the software sector is weak. MSFT is only going up on completely irrelevant DOJ news.

For the techs to rely on the internut bubbles for support, it may be wishful thinking.

Ramsey
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